A UCC-1 filing is a legal document that provides public notice of a lien on property—in this case, the fixtures in your home used to secure a Best Egg Secured Loan.
Key points:
- The UCC-1 is filed or recorded in your county’s real property records about one week after your loan is issued.
- It does not cover your home itself, only permanently attached fixtures.
- It will appear in title searches, which may affect your ability to sell, refinance your first mortgage, or obtain new financing.
- The UCC-1 filing will be terminated after your loan is paid in full, and at least 10 days have passed.